{"id":244880,"date":"2024-02-01T18:38:34","date_gmt":"2024-02-01T18:38:34","guid":{"rendered":"https:\/\/news.republicofgreen.com\/what-climate-related-financial-risk-means-for-communities-part-1-insurance\/"},"modified":"2024-02-01T23:21:25","modified_gmt":"2024-02-01T23:21:25","slug":"what-climate-related-financial-risk-means-for-communities-part-1-insurance","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/what-climate-related-financial-risk-means-for-communities-part-1-insurance\/","title":{"rendered":"What Climate-related Financial Risk Means for Communities: Part 1 \u2013 Insurance"},"content":{"rendered":"
Climate change-driven events\u2014like heat waves, droughts, floods, and fires\u2014cause damage to communities\u2019 and individuals\u2019 health and safety. But these events also threaten the financial well-being of communities across the U.S. through their impact on markets and local economies. <\/span><\/i>Nowhere is this more visible recently than in the property insurance market.<\/span><\/i>\u00a0<\/span><\/p>\n In this three-part series, we\u2019ll be breaking down how the climate crisis is creating risk for three key financial systems\u2014and how these risks to<\/span><\/i> the insurance system, the real estate market, and community banking <\/span><\/i><\/b>can affect communities.<\/span><\/i><\/p>\n Part 1: <\/span><\/b>Climate-related risks to the property insurance market<\/span><\/b><\/p>\n Over the last few years, we have witnessed big shifts in property insurance markets. Insurance costs have increased and availability decreased in regions of high risk to climate-driven disasters, driven in-part by the increasing…<\/span><\/p>\n<\/div>\n